Bullboard - Stock Discussion Forum Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include... see more

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Parkland Corp > CIBC comments

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Post by TimeBuilder on Jul 27, 2023 11:15am

CIBC comments

09:36 AM EDT, 07/25/2023 (MT Newswires) -- Investors should favour the S&P/TSX Composite Index over the S&P 500 in the third quarter, CIBC Capital Markets technical analyst Sid Mokhtari said.

"In our opinion, the risk/reward setup for value exposure looks attractive, particularly from a relative strength perspective," Mokhtari said in a note to clients.

The analyst said relative indicators for the TSX index (currency adjusted and non-adjusted versus SPX) appear "poised for a period of positive mean reversion, favouring TSX over SPX in Q3."

Mokhtari said the top 10 value-oriented TSX stocks with the right technical backdrop are Russel Metals Inc. (RUS.TO), iA Financial Corp. (IAG.TO), Great-West Life Inc. (GWO.TO), CI Financial Corp. (CIX.TO), Power Corp. of Canada (POW.TO), Sun Life Financial Inc. (SLF.TO), Parkland Corp. (PKI.TO), IGM Financial Inc. (IGM.TO), Air Canada (AC.TO) and Parex Resources Inc. (PXT.TO).

Price: 37.86, Change: -0.04, Percent Change: -0.11

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